Event

06/27/2018

Webinar: Letters of Credit

June 27, 20181:00PM GMT | 8:00AM PSTCost: $40.00

Would you like to sharpen your basic understanding of Letters of Credit?

Trade Technologies and the International Cotton Association (ICA) are co-hosting this enlightening webinar. Hans Noordzij, will present an informative webinar about LC basics and how they can be used to accelerate cash flow and streamline trade.

The benefit to using a letter of credit is that it provides a conditional guarantee of payment from banks to the exporter (beneficiary) if the terms and conditions of the documentary credit are complied with. Attendees will learn about credit risk, the nuts and bolts of the LC process, and how to avoid discrepancies. Let us show you some of the basic issues that either makes LCs an effective payment mechanism or a major headache and how you can avoid the latter.

Topics that will be addressed during the webinar:

Letter of Credit (LC) Process

The Role of Contracts

Terminology in Letters of Credit

Types of Discrepancies - Why they occur and How to Avoid them

Documents in an LC

Incoterms 2020

Overview of UCP600

Importance of Proper LC Structure

Please complete the form below to secure your reservation. *Please Note: Registration is complimentary to ICA Members - once membership is verified.

Speaker:
Hans Noordzij
Founder
Securipay Trade Finance Solutions

With more than 35 years working experience in banking, Hans Noordzij is a specialist on delivery terms and payment terms. During his banking career, Hans has worked in Operations, Sales, Compliance and Client Services, and provided hundreds of training courses to clients. Hans has also taught courses at Fenedex and STC-Group these past several years.

In 2015, Hans realized his dream of starting his own consultancy firm which focuses on risk management in international trade. Hans have observed an obvious trend in modern-day banking: banks increasingly shy away from offering detailed advice to clients. Not only do they employ fewer and fewer experienced specialists, banks also choose to prioritize clients that yield large profits. In addition, Operations departments are managed efficiently, with little room to support clients intensively.

Through the years Hans has built an extensive network within the banking and shipping world as well as with specialists in other relevant fields. This makes it possible to offer advice on a full range of subjects and to help you in achieving your goals with services such as custom courses, business support, assistance in deal-making, etcetera. Anything is up for discussion!

Hans is passionate about his profession, which is evident in everything he does. International trade is a dynamic field: the world is constantly in motion, business relationships change, old adversaries seek to reconcile, new risks emerge, external factors influence one’s success.

Have you been able to keep up with it all? Are you up to speed with the most recent rules and guidelines? Maybe it is time for a refresher course!

Are all departments within your organization in tune with each other? Does your Sales department know what the Finance and Logistics departments can and cannot deliver?

Many companies have the same complaint: the office staff often spend a lot of time `repairing´ Sales agreements. Cooperation between departments could be improved, but where to start? Perhaps the time has come to bring in an independent consultant!

About Trade Technologies

Founded in 1999, Trade Technologies (www.tradetechnologies.com) is the largest global provider of trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.

The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 66 examination offices of 24 banks in 13 countries.

Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the TradeSharp software platform and process.